Tenanted Student Pod Accommodation Producing £87per week

Tenanted Student Pod Accommodation Producing £87per week. Montgomery House lies on the South side of Alexandra Park and provides low cost rental accommodation. Ideally located for University Students and for access to Manchester City Centre. The property comprises Ground Floor “Pod” accommodation of a Bedroom/Sitting Room with wash hand basin and benefits from communal kitchen and bathroom facilities. Our client advises that because it’s one of the larger pods it has been let during every year of their ownership and was refurbished prior to the current tenancy. There is also a communal garden. The property is let for a 40 week term from 20th September 2019 at a rental of £87 per week which will generate £3,480 during this period. There is potential for a summer Let and the vendor has earned a further £600 in the past during this period, although this is not guaranteed. Please note there is a Buyers Premium of £1,500 inclusive of VAT.

Tenure

See legal pack

Description

Bedroom/Sitting Room and wash hand basin.

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Manchester City Council

Additional Fees

Buyer's Premium - Please note there is a Buyers Premium of £1,500 inclusive of VAT.

Administration Charge - Purchasers will be required to pay an administration fee of 0.6% inc VAT, subject to a minimum of £1080 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.